"The brother duo behind the UK betting shop chain Betfred has been named the UK's biggest taxpayer for the first time. Brothers Fred and Peter Done, founders of bookmaker chain Betfred, have been named in the top spot of The Sunday Times Tax List, a round-up of the UK's highest-paying taxpayers in 2025. The brothers paid £400.1 million ($547.7 million) tax over the last year, coming in ahead of various other rich names and families, including Harry Styles, aristocrats, and entrepreneurs."
"In total, the 100 individuals and families included on the list paid £5.758 billion ($7.88 billion) in taxes in the UK, a 15.5% increase from the year before. The Betfred brothers are in the top spot with a clearance of £68.7 million ($94 million). The duo got their start in the world of betting with a winning wager for England to win the 1966 World Cup."
Fred and Peter Done, founders of Betfred, paid £400.1 million in UK taxes in the year and topped a list of the country's highest-paying taxpayers. The top 100 individuals and families paid £5.758 billion in total, a 15.5% increase from the prior year. Alex Gerco, a Moscow-born trader based in London, paid £331.4 million and placed second. The Done brothers began by betting on England to win the 1966 World Cup and used the winnings to open the first Betfred shop; the chain has over 1,300 UK shops in 2025. Fred Done warned tax hikes could force shop closures, betting taxes then rose steeply. Betfred the company faced a substantial bill after being found unable to effectively identify and manage money laundering at the end of 2025.
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